Resources
| Category |
Tonnes |
Grade (g/t) |
Gold Ounces |
| Measured |
3,109 |
8.95 |
895 |
| Indicated |
1,278,973 |
5.74 |
236,180 |
| Inferred |
1,545,500 |
5.93 |
294,473 |
- The independent and Qualified Persons for the Mineral Resource estimates as defined by Regulations 43-101 is Carl Pelletier, B.Sc., P. Geo., of InnovExplo Inc.. The effective date of the estimate is June 17, 2008.
- Mineral Resources, having demonstrated economic viability, are not Mineral Reserves.
- Results are presented undiluted and in situ. The estimate included six (6) gold-bearing zones (“A”, “B”, “C”. “E”, “20” and “30”) and covers the Discovery Project area between sections 1+00E to 9+00W and 4+50E to 15+00E.
- The resources were compiled using a cut-off grade of 3.0 g/t Au. This cut-off must be re-evaluated in light of present market conditions (gold price, exchange rate and mining cost). A fixed density of 2.82 g/cm³ was used. A minimum of 1.6 m horizontal width was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed. High grade capping was done on the raw data and established at 35.0 g/t Au. Drill hole compositing was not done. Resources were evaluated from drill hole results using a polygonal on longitudinal approach.
- Calculations used metric units (metre, tonnes and g/t Au).
- The company is not aware of any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issue that could materially affect the Mineral Resource estimates.
Source: NI-43101 Technical Report, Discovery Project, Innov Explo Inc., August 1, 2008
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